Receive up-to-the-minute news updates on the hottest topics with NewsHub. Install now.

Search results

1-10 results from 1000 for query «yuan»

March 22, 2018 1:57 AM Here are US targets most vulnerable to China trade retaliation

Workers transport imported soybean products at Langshan port of Nantong Port Group, in Nantong, Jiangsu province, China March 9, 2018. — Reuters picBEIJING, March 22 — China could hit back with measures against America’s US$140 billion (RM548 billion) of annual exports to the Asian powerhouse if President Donald Trump imposes tariffs. The president is expected 9

March 21, 2018 6:44 AM China carmaker Geely’s 2017 net profit soars amid global push

The Geely Automobile Holdings logo is pictured at the Auto China 2016 show in Beijing April 25, 2016. — Reuters picSHANGHAI, March 21 — Chinese carmaker Geely Automobile Holdings Ltd, whose chairman recently took a US$9 billion (RM35.2 billion) stake in Germany's Daimler AG, said today its profits more than doubled in 2017, driven by strong domestic 9

March 15, 2018 1:28 PM China’s ZTE returns to net profit in 2017

Visitors pass in front of the Chinese telecoms equipment group ZTE Corp booth at the Mobile World Congress in Barcelona, Spain, February 26, 2018. — Reuters picBEIJING, March 15 — Chinese telecoms equipment group ZTE Corp returned to the black in 2017 with a net profit of 4.57 billion yuan (approx. RM2.83 billion), boosted by better sales in its telecom 10

March 13, 2018 6:13 AM Asian currencies subdued on caution ahead of US inflation data

China's yuan rises after a slightly stronger midpoint fixing by the central bank. — Reuters picSINGAPORE, March 13 — Most Asian currencies traded in a tight range ahead of crucial inflation data from the United States due later in the day. Inflation has been a focal point for the Federal Reserve's monetary policy, and could speed up the tempo of interest 15

March 8, 2018 1:01 AM Singaporean caught here for armed robbery after two decades on the run

The police said in a press release last night that the 59-year-old man was arrested on Monday with the assistance of PDRM. ― AFP picSINGAPORE, March 8 — A fugitive wanted for an armed robbery outside an OCBC bank branch in 1996 has been nabbed in Malaysia. The police said in a press release last night that the 59-year-old man was arrested on Monday with the assistance 39

February 28, 2018 2:26 PM Maldives denies Japan’s allegation that it breached North Korean sanctions

North Korea has been accused of sidestepping sanctions. — Reuters pic COLOMBO, Feb 28 — Maldives today denied a Japanese foreign ministry statement that said a Maldives-flagged vessel was used to illegally transfer goods from a North Korean-flagged tanker in defiance of UN Security Council resolutions. The Japanese statement said the “Chon Ma San”, designated 21

February 12, 2018 3:21 PM Chinese bank lending surges to record high in January

Banks in China approved new loans worth a record 2.9 trillion yuan (around RM1.8 trillion) in January 2018, the People’s Bank of China (PBOC) reported. — Reuters file picBEIJING, Feb 12 — Chinese bank lending rose fivefold month-on-month in January, reflecting Beijing’s desire to support economic growth while continuing to strengthen financial infrastructure 13

February 12, 2018 4:57 AM Record US$23b flees world’s largest ETF as panic reigns

Strategists at JPMorgan say the swiftness and severity of the positioning unwind is a sign that further selling 'should be limited from here.' — Reuters picNEW YORK, Feb 12 — Investors actively abandoned the world’s biggest passive fund during the onset of market mayhem. The SPDR S&P 500 exchange-traded fund (ticker SPY) suffered a record US$23.6 billion 13

February 10, 2018 3:06 PM Foxconn unit planning US$4b investment after China IPO

Foxconn Industrial Internet Co is seeking to use proceeds from an initial public offering in China to bankroll 27.3 billion yuan (US$4.3 billion/RM17 billion) investment in next generation projects. — Reuters picHONG KONG, Feb 10 — Foxconn Industrial Internet Co, is seeking to use proceeds from an initial public offering in China to bankroll 27.3 billion 19

February 5, 2018 4:54 AM Nissan to pump US$9.5b into China business, eyes top three spot

A Venucia T90 from Dongfeng Nissan is shown at China (Guangzhou) International Automobile Exhibition in Guangzhou, China November 18, 2016. — Reuters picBEIJING, Feb 5 — Nissan Motor Co plans to invest 60 billion yuan (US$9.5 billion or RM37 billion) in China over the next five years with its joint-venture partner as it seeks to become a top three automaker 15